Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 09 July 2026
Case Overview
This matter involves an insolvency petition filed by Kotak Mahindra Bank Ltd against an individual respondent, Suchitra N, under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The petition was heard by a special bench consisting of Judicial Member Sunil Kumar Aggarwal and Technical Member Banwari Lal Meena. The tribunal noted that pleadings are complete in the resolution professional's report, indicating the procedural documentation phase has concluded.
Final Outcome
The National Company Law Tribunal has adjourned the matter and listed it for arguments on 5 August 2026. No substantive decision on the merits of the insolvency petition was rendered in this order, which serves purely as a procedural update scheduling the next hearing date for arguments.
Topics: Insolvency Proceedings, Banking Litigation, NCLT